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The former Kentucky Kingdom theme park will reopen on May 11, 2013 as Bluegrass Boardwalk, according to a report from a local media outlet.

Wave3.com reports that the Saturday next year has been selected as a tentative target date for a return to action for the park, which has been closed for two-and-a-half years. It will be run by the Koch family, who also own Holiday World in Indiana.

The family recently secured preliminary approval for tax credits which will cut the cost of the Bluegrass Boardwalk project, and have also secured financing to refurbish the park's attractions. It is expected that several new rides will also form part of the park's line-up when it reopens its gates.

Little is known of the family's plans for Bluegrass Boardwalk at present, although the group has already confirmed its intention to bring some of its innovations from Holiday World to the park.This includes free soft drinks for all guests, free sunscreen and free use of inner tubes in the park's water park.

Kentucky Kingdom closed in January 2010, following a failure by former operator Six Flags to agree changes to the park's lease. The Kentucky State Fair Board claimed at the time that the company proposed that it pay no rent for the remaining nine years on the lease - instead offering a cut of any potential future profits.

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